Most of the employees of U.S. department store chain Neiman Marcus Group will be put on furlough or face temporary cuts in their salaries as the COVID-19 coronavirus-induced lockdown takes its toll on retailers.
According to the investment banking company’s latest findings, Europe is also maintaining its dominance as a destination for travelers shopping for high-end designer goods.
Facing challenges in the Americas during the quarter, the Spanish fashion and fragrance business posted double-digit gains in Asia-Pacific, its fastest-growing region.
The British automaker will award six charitable organizations with customized vehicles and $30,000 in funding during an event taking place in Temcula from Nov. 14 - 16.
The transaction will position the outlet site as an independent platform, allowing the luxury ecommerce group to sharpen focus on other Yoox Net-A-Porter brands.
The Swiss watchmaker will offer special services, stock limited editions and host VIP events in the new space, which opens during its 30th anniversary year.
Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.
